Singapore-headquartered startup GrabTaxi has announced a new ride-sharing service in the Lion City called GrabHitch, which will allow drivers with extra space to pick up passengers heading the same way.
Singapore’s Third Party Taxi Booking Service Provider Act has been in effect since Sept 1, bringing legislative oversight into the grey area which startups like GrabTaxi and Uber currently operate in, while the Government is also looking into ride-sharing services.
GrabTaxi said that its GrabCar service has launched the regional #GrabitBeatit campaign to promote breast health awareness.
Is Uber a technology or transport company? What about GrabTaxi? To the Jakarta Transportation Agency, it does not matter, says Karamjit Singh.
Catcha Group’s Wild Digital conference really got DNA founder Karamjit Singh excited, especially with its belief that ‘small fish’ will eat ‘big fish’ – and that’s because DNA’s What’s Next conference on Sept 29 is centred on the ‘big fish’ and what they need to be aware of in this age of digital disruption.
There was less buzz than usual when GrabTaxi raised its largest round so far, a whopping US$350 million! Is it a case of funding fatigue, or because GrabTaxi is an entirely different creature now, DNA founder Karamjit Singh ponders.
This week's show starts with the incredible US$350-million record-breaking round that Malaysian-launched and -owned GrabTaxi has announced, but also looks at other startups playing the regional game, as well as not-so-old-school player Telekom Malaysia.
GrabTaxi Holdings Pte Ltd announced its largest ever funding – over US$350 million, from US technology investment firm Coatue Management LLC, China’s sovereign wealth fund China Investment Corporation (CIC), and Didi Kuaidi, a rival service also funded by CIC.
In this week’s Tech Talk show on BFM Radio, Karamjit Singh is really struck by how an entrepreneur with no domain expertise was able to raise almost US$200 million for his startup while another, who started around the same time and has deep technical expertise and almost 100 patents, has raised around US$10 million.
GrabTaxi CTO Wei Zhu, the former Facebook engineer who joined the taxi-hailing startup to great fanfare in August last year, has left the company after just about a year.